Our goal and passion is to help you be successful. This is especially true with a “start-up” business as the owner or owners have much to deal with in the process of getting their business up and running with a minimal number of business knowledge barriers. As a part of this process, we are here for those individuals to provide them advisory and coaching services. Why? Because in most cases those new business owners “don’t know what they don’t know” or just don’t know what questions to ask. This is not uncommon. Now they have to deal with accounting and tax issues that they have not had to deal with before. Bottom line….we want to share valuable information and best practices while keeping this process simple and effective.
So why is this so important to us to play a strong role in the start-up process? Because all too often those new owners end up incurring expenses they could have avoided or they end up paying more taxes than they should have because they weren’t structured properly from a tax standpoint. Because of our competitive nature, we absolutely do not want to see that happen. Although many would look at us as “number crunchers” or the proverbial “left brain for hire” type, we have much to share with you as a business advisor and coach to enhance your ability to be more successful in your new business venture.
We provide added value to our clients by offering QuickBooks expertise. Our QuickBooks ProAdvisor certifications ensure that we can effectively guide you on system setup, navigation and features…as well as ensure that you maximize the power of the system to keep your books in order.
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate.
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA), signed into law this past December, significantly enhances it beginning in 2018.
Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you might be able to deduct miles driven for business, medical, moving and charitable purposes. For 2018, there are significant changes to some of these deductions under the Tax Cuts and Jobs Act (TCJA).